Vulcan Materials (NYSE:VMC) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 661,625 shares of the construction company’s stock after selling 2,716 shares during the quarter. Vulcan Materials makes up about 3.6% of Fenimore Asset Management Inc’s holdings, making the stock its 6th biggest position. Fenimore Asset Management Inc owned 0.50% of Vulcan Materials worth $170,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth $811,000. Campbell Newman Asset Management Inc. acquired a new stake in shares of Vulcan Materials during the fourth quarter worth about $15,719,000. Franklin Resources Inc. lifted its holdings in shares of Vulcan Materials by 284.9% in the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after purchasing an additional 33,051 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at about $612,000. Finally, Heritage Family Offices LLP acquired a new position in Vulcan Materials during the fourth quarter worth approximately $994,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.0 %

NYSE:VMC opened at $277.61 on Friday. The stock has a market capitalization of $36.66 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 2.16 and a beta of 0.83. Vulcan Materials has a 1 year low of $221.01 and a 1 year high of $298.31. The stock has a fifty day moving average price of $271.50 and a two-hundred day moving average price of $259.83. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the business earned $2.29 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VMC. JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Citigroup decreased their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Raymond James dropped their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Finally, Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.